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Kelley School of
Business 2006-2008
Undergraduate
Academic Bulletin

Undergraduate Program
Kelley School of Business  
Indiana University  
1309 East Tenth Street, BU224  
Bloomington, IN 47405  
Local: (812) 855-0611  
Contact Undergraduate Program
 

Kelley School of Business

Mission of the School
Guiding Principles
Services and Facilities
History of the Kelley School of Business
Organization of the School
Student Organizations
Opportunities, Scholarships, and Awards

Mission of the School

The Kelley School’s mission is to transform the lives of students and to have a significant positive effect on organizations and communities through education and research. We aim to provide the innovative, energetic environment that prepares students to realize the furthest reaches of their potential.   


Guiding Principles

The Kelley School is consistently ranked among the top 10 business schools in the nation. Many of our major areas of study are ranked in the top five. Our high standing and success derive from the following principles:

  • Ethics. We strive to maintain the highest ethical standards in education, business, and in life. Ethical behavior is a matter of respect, trust, and personal integrity—attitudes that form the foundation of professional excellence. We take a unique approach to teaching ethics such that it is integrated across functional areas of study.
  • Collaboration. We provide a collaborative environment that emphasizes mutual respect, individual initiative, innovation, and the pursuit of excellence. We strive to create a culture in which students and faculty share a common goal—creating well-rounded leaders who are prepared to excel in a global environment.
  • A holistic experience. At the Kelley School, we strive to go beyond merely providing cutting-edge academic content. We take a holistic approach to business education that includes accessible teachers, knowledgeable and supportive advisors, experiential learning projects, overseas study opportunities, extracurricular activities, placement counseling, and a faculty whose involvement in student activities provides additional value to course work.
  • World-class students and faculty. We seek to enroll women and men of character, accomplishment, and leadership ability, as well as hiring faculty who are not only leaders and outstanding scholars but are excellent and committed teachers. Kelley faculty are authors of  best-selling textbooks and are ranked among the top 20 in the world in terms of research productivity. They are also recognized by major media rankings (Business Week and Princeton Review) as being among the best teachers in the nation.
  • Collegiality and community. A spirit of collegiality is a hallmark of the school. It is grounded in the faculty’s inherent respect for each other and for students as individuals. The goal is to maximize the development of the specific abilities and potential each student brings to the institution.
  • Diversity. We strive to create an inclusive environment and a culture that embraces diversity in its many forms. Diversity of viewpoint and background is encouraged. Heterogeneity, in lieu of regimentation, is nurtured. We strive to provide students and faculty with a rich, balanced context for the study of business and a learning environment that is conducive to the lively exchange of ideas and intellectual stimulation necessary for productive, independent scholarship.
  • Citizenship within the school and community. We place high value on good citizenship. Citizenship involves more than fulfilling formal academic requirements. It encompasses participation in multiple roles, a willingness to serve, and a commitment to perform activities that sustain the broader life of the school as an institution. Students are also provided with many opportunities to engage in community service through our Civic Leadership Development program.
  • Innovative curriculum. We strive to be recognized around the world for curriculum innovation. The Kelley School’s curriculum and on-going innovations focus on developing critical thinking, exploring complex problems, decision-making under uncertainty, taking responsibility for one's actions, and leadership skills. We also place emphasis on obtaining a sound liberal arts foundation. Curriculum innovation is driven by emerging and anticipated changes in the global marketplace in which our students will live. We maintain an advisory board composed of leaders from all walks of business who provide us with input on curricular matters.
  • On the forefront of technology. We strive to be among the nation’s leaders in the use of technology to facilitate learning. The school emphasizes the role of technology in various areas of business and how it can provide companies with a competitive edge.
  • A global perspective. We embrace a global perspective that permeates our curriculum. We strive to create significant opportunities for our students to study abroad and to have international work experiences.
  • A worldwide alumni network. The Kelley School is proud of an alumni network numbering beyond 70,000. We focus on cultivating a strong alumni network to further the career ambitions of our students and to enhance the delivery of our courses. Successful alumni are frequent guest speakers in our classes and are expected to support our students in their job search efforts.
  • Cutting-edge, real-world research.  Faculty at the Kelley School are expected to be on the leading edge of thinking and practice in their respective fields. Kelley faculty are expected to integrate their research into their teaching. Our goal is to ensure that, when students graduate from the Kelley School, they are beyond “state of the art” and are able to bring significant added value to the organizations that hire them. 
  • Partnerships with world-class companies. The Kelley School has a long history of partnering with the world’s best companies. These partnerships provide an important source of career opportunities for our students and research opportunities for our faculty. In a given year, approximately 400 companies visit the Kelley School to interview our students for internships and full-time positions.

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Services and Facilities

Academic Advising

All undergraduate business students have the opportunity to work with academic advisors. The business academic advisors have offices in the Kelley School and are available to help students in setting academic goals, realizing the skills needed for success, selecting courses, and addressing general and special problems related to their business programs. Advisors are available by appointment, which may be scheduled by calling (812) 855-2614.

Undergraduate Career Services

Director: Susie Clarke, B.S. (Indiana University, 1979)

Senior Associate Director: Scott Zanger, M.S. (Indiana University, 1991)
Associate Directors: Mark Brostoff, M.H.A. (Washington University, 1982); Theresa Green-Ervin, M.A. (University of Alabama, 1999); Deborah Morris, B.S. (Indiana University, 1990)


The Kelley School of Business has one of the most highly regarded career services departments in the nation. Each year, hundreds of companies send representatives to the Kelley School to interview prospective candidates with business career aspirations. Other firms provide information regarding opportunities of interest to both graduating students and juniors seeking internships. Undergraduate Career Services coordinates the recruiting programs, makes information available regarding all job openings brought to its attention, and refers qualified students to companies that do not interview locally. Its extensive Web site of continuously updated career resources is available at ucso.indiana.edu/bpo-cgi/all_hot_links.cfm.


Undergraduate Career Services is located in the Kelley School room P100, and serves as a meeting ground for all Indiana University Bloomington undergraduates seeking business careers and for business organizations seeking to employ them. To utilize these services, all students must complete our career education requirements. For those seeking business internship opportunities, this means enrolling and completing the IU Bloomington Business X220 class, Career Perspectives. For those seeking full-time career opportunities, this means completing the IU Bloomington Business X420 class, Career Planning and Placement. We recommend that all students take X420 no later than the first semester of their senior year or second semester of their junior year. In these two courses, every effort is made to assist in the evaluation of personal career potential, to determine where individual skills can be best used, and to help organize job campaigns.

The Business/School of Public and Environmental Affairs (SPEA) Library

Librarian: Michael Parrish, M.A. (Indiana University, 1962)
Associate Librarian: Nels Gunderson, M.L.S. (Indiana University, 1977)

The Business/SPEA Library has been a leader in the introduction of electronic access to information. Students enjoy the speed and convenience of information retrieval through the Internet and online systems that link index and abstract databases and provide full-text images and printouts.

Among the systems now available at the Business/SPEA Library are Factiva, Business Source Premier, Investext Plus, ABI/Inform, RDS Business Reference Suite, Sports Business Research Network, Thomson Research, Baseline, Lexis/Nexis Academic, Bloomberg, Hoover’s Online, and MarketResearch.com.

In addition to its electronic resources, the library has a collection of nearly 200,000 volumes (to which 8,000 new additions are made annually) and subscribes to more than 1,000 journals.

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100 + Years of Excellence: The History of the Kelley School of Business

The Kelley School of Business is one of the world’s premiere business schools. Business education at Indiana University dates back over a century and a half to the first Indiana University catalog, 1830-31, which included political economy in the curriculum. From this first course, during the remainder of the century, there developed a Department of Political Economy, later referred to as the Department of Economics and Social Science, and it was early courses in these areas that grew into what is now referred to as the “core program” of study in the Kelley School.

In 1902, several business courses were introduced and listed in the university catalog. In 1904, the first business catalog, referred to as the commercial course number, was published. These commerce courses constituted the last two years of a four-year course of study leading to a baccalaureate degree. The first two years were spent completing a pre-commerce requirement and included all the required courses of the liberal arts curriculum of that period.

Thus was established, a century ago, the pattern of building a program of professional education for business upon a liberal arts base—a pattern maintained throughout the years and currently emphasized in the education of the American businessman and businesswoman. In 1920, a separate School of Commerce and Finance was organized. The school became a member of the American Assembly of Collegiate Schools of Business in 1921; in 1933 it was renamed the School of Business Administration and placed under the direct control of its own faculty. In 1938 the title of the school was shortened to the School of Business.

The Junior Division (now the University Division) of the university was established for all first-year students in 1942. After that, enrollment in the School of Business did not include freshmen until 1995, when the Direct Freshman Admission Program began. Graduate course work in business administration, first authorized in 1936, expanded rapidly after World War II. Programs for the degrees of Master of Business Administration and Doctor of Business Administration were instituted in 1947. In 1961, the designation of the area of study formerly referred to as the Graduate Division of the School of Business was changed to the Graduate School of Business. With the reorganization of the university in November 1974, the School of Business began operating at two campuses—Bloomington and Indianapolis.

Although business courses were offered as early as 1916 on the Indianapolis campus, a degree was not available there until the M.B.A. program was launched in 1962. The bachelor’s degree in business became available at the Indianapolis campus following the 1969 merger of Indiana University with Purdue University in the city. Beginning in 1969, a divisional structure emerged in Indianapolis with an assistant chairperson at its head. In 1969-70, complete undergraduate degree programs were offered for four major areas in business, as were three two-year certificate programs.

In 1997 E. W. Kelley, an undergraduate alumnus of the Indiana University School of Business, donated $23 million to assist the school in its mission to be the premiere business program in the nation. To honor the generosity of his gift, the IU School of Business was renamed the Kelley School of Business.

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Organization of the School

The school’s resident faculty, composed of more than 190 members, is its basic governing body. The various programs and curricula, as well as all major policy considerations, are reviewed and approved periodically at meetings of the entire resident faculty. Administrative support for the school is provided by the Office of the Dean, by a chair in each of the school’s seven academic departments, and by a chair of each of the academic programs. The Academic Council, made up of those administrators mentioned above, along with two elected faculty representatives, administers Kelley School of Business policy. In addition, a number of committees appointed by the dean recommend to the faculty various academic and operating policies. At various times, these committees are also assigned specific administrative responsibilities.

The school’s administration manages its programs on both the Bloomington and Indianapolis campuses. The Office of the Dean consists of the dean, the associate dean for academic programs, the associate dean for faculty and research, and the assistant dean for finance and operations. Administrative support for instructional programs is provided by six organizational units: the School of Business Undergraduate Program Office (Bloomington and Indianapolis), the M.B.A. Office (Bloomington), the Office for the M.B.A./Career Integrated Program (Indianapolis), the Doctoral Program (Bloomington), the Systems and Accounting Graduate Programs (Bloomington), and the Office of the Director of Kelley Direct (Bloomington and Indianapolis). Assistance with admissions, student counseling and advising, and degree certification are provided by professional staff members assigned to each of these organizational units.

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Student Organizations

The faculty of the Kelley School recognizes that student organizations may contribute greatly to the programs of the school. Some of these organizations are honorary, recognizing outstanding performance. Of primary importance is Beta Gamma Sigma, the national honorary business fraternity. Other organizations enable students to develop their interests in various fields through extracurricular programs. Some of the organizations named below have active chapters on the Bloomington campus.


The faculty expects students to participate in the many extracurricular activities and events sponsored by undergraduate student organizations as a way of developing the leadership skills and professional maturity that cannot be taught in the classroom. The school supports its undergraduate organizations and strongly urges academically successful students to become active members of one or more of the following organizations.

AIESEC International
This is a student-run organization, located in 92 different countries, whose goal is to create global awareness through international internships. Membership includes working with companies, planning events, working abroad, and attending international conferences.

Beta Alpha Psi
Graduate and undergraduate accounting majors of high scholastic standing who have demonstrated qualities of integrity and leadership are eligible for membership in the Beta Alpha Chapter of Beta Alpha Psi, the national professional accounting fraternity. The purposes of this fraternity are to instill a desire for continuing self-improvement, to foster high moral and ethical standards, to encourage and give recognition to scholastic and professional excellence, to cultivate a sense of responsibility and service, to promote the collegiate study of accounting, and to provide opportunities for association among its members and practicing accountants.

Beta Gamma Sigma
Undergraduate membership in this national scholastic honorary business fraternity is restricted to the top 10 percent, or fewer, of the senior class and the top 7 percent, or fewer, of the junior class. Graduate students pursuing the M.B.A. degree are eligible for membership and may qualify for election. All successful doctoral degree candidates are eligible for membership if not previously admitted.

Computer Information Systems Club
The Computer Information Systems (CIS) major is one of the most dynamic, challenging, and rewarding areas of study at Indiana University. CIS is going strong; its majors are consistently in the highest-paid group of graduates, according to Undergraduate Career Services. The CIS Club is one of the premiere student organizations at the Kelley School. It is run by students and has over 300 members.

DECA
Indiana University DECA is a professional business association for students preparing for a variety of career areas, with specific emphasis on the areas of marketing, management, merchandising, and entrepreneurship. IUDECA is affiliated with the Kelley School, DECA Incorporated, and Delta Epsilon Chi. Over 8,000 members participate in chapters across the United States, Canada, Mexico, and Germany. Members have an opportunity to engage in activities that promote leadership development, international competition, civic consciousness, and social intelligence. International Career Development Conferences are held each year, where members can compete in business simulations, case studies, and prepared business manuals. Please visit www.deca.org for further details.

Delta Sigma Pi and Alpha Kappa Psi
These national professional fraternities for men and women enrolled in schools of business foster the study of business in universities, encourage scholarship, promote closer affiliation between the business world and students, and further the development of high standards of business ethics.

Environmental Business Club
The mission of this club is to bring together like-minded environmentally conscious students while promoting environmental responsibility among current and future business leaders as well as the university.

Equities Cup
The Equities Cup is an undergraduate stock market competition that provides individuals and numerous universities an arena in which to compete for the highest market returns during each semester. The Equities Cup has established the Equities Cup Varsity Fund, a money management team selected by application, to represent the fund in competitive trading. In addition to the competition, the Equities Cup has developed the Golden Dollar, a student-run financial news publication. For more information, please contact equities@indiana.edu.

Finance Club
This is an organization of undergraduate students interested in finance careers. The program includes meetings with prominent people in banking, brokerage, investments, and other phases of finance, as well as trips to financial institutions in larger cities.

Health Care Association
The Health Care Association of Indiana University is an undergraduate business organization dedicated to career development for all IU students interested in healthcare or health and life science-oriented careers. By listening to presentations from healthcare professionals, participating in case studies and service activities, and interning or shadowing within healthcare organizations, students begin their career development.

International Business Association (IBA)
IBA is a professional student organization in the Kelley School. Members come from various backgrounds and majors but are united by their interests in international business issues and career opportunities. The mission of IBA is to bring people from different backgrounds together in a welcoming environment that fosters understanding of international business and global issues, develops excellent future leaders, and provides networking opportunities with multinational companies.

Kelley Emerging Leaders (KEL)
KEL addresses the needs of students who are currently underrepresented at the Kelley School including African Americans, Hispanic Americans, and Native Americans. KEL embraces all Kelley students with a global awareness that is focused on underrepresented populations. As other underrepresented groups are identified, they too can become a part of this program.

Kelley School of Business Student Ambassadors
The Ambassadors are made up of a select group of volunteer undergraduate students who facilitate in the recruitment efforts of our Undergraduate Program. They assist in high school information sessions, participate in open house events, conduct telethons, are mentors to direct admit freshmen, are “day hosts” to prospective students, and attend spring receptions and other events to promote our programs.

Kelley Student Government
The Kelley Student Government represents the official voice of the Kelley School of Business undergraduate student body and works together with the faculty and staff of the Kelley School of Business Undergraduate Program to influence curriculum and policy changes.

Kelley Student Alumni Partners
Kelley Student Alumni Partners was formed by the Alumni Programs Office with the goal of developing and maintaining connections between alumni and undegraduate students. The team is made up of a select group of dedicated undergraduate students who facilitate the relationship between alumni and students. The team provides excellent networking opportunities for current business students to meet with successful Kelley graduates and learn from their past experiences.

Marketing Club
All students majoring in marketing are eligible to join this organization, which is affiliated with the American Marketing Association. Its objectives are to further the individual welfare of its members; to acquaint them with practical situations in marketing; to foster marketing research in advertising, retailing, and sales; and to promote fellowship among marketing students and faculty. Outside speakers frequently address the club.

National Association of Business Economists
This organization for business economists sponsors guest speakers and discussions of past and current economic issues with fellow students and faculty.

Student Accounting Society
The Student Accounting Society provides students with the opportunity to network with accounting professionals and learn about the career opportunities that an accounting degree provides. The club also engages in social and community services events. For more information contact sas@indiana.edu.

Student Retail Association
The mission of the Student Retail Association (SRA) is to encourage and heighten interest in and awareness of retailing career opportunities and how they apply to all business majors, and to counter any stereotypes students may have about retail. The SRA gives students the opportunity to examine the industry firsthand through application, presentations, and networking opportunities.

The Tenth Street Times
The Tenth Street Times is the undergraduate newspaper of the Kelley School. This publication dedicates itself to covering the events, issues, and activities of our business school and of the domestic and international business environments. Writers and page editors are needed for each of the paper’s four issues per academic year. For more information contact tst@indiana.edu.

Toastmasters
Toastmasters International is the leading club at the business school devoted to making effective oral communication a reality for its members. The club helps students learn the art of speaking, listening, and thinking—vital skills that promote self-actualization, enhance leadership potential, foster human understanding, and contribute to the betterment of humankind. The club is open to all undergraduate students regardless of major.

Women in Business
Women in Business is a professional undergraduate organization that strives to identify and address the issues women face in the business world and workplace, and to have a great time in that process. All academic majors are welcome. To join, go to www.iub.edu/~wib/.

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Opportunities, Scholarships, and Awards

Civic Leadership Development
Director: Helen Ingersoll, hingerso@indiana.edu
The Kelley School is dedicated to offering its students a seamless education—one that begins with its high-quality academics and flows naturally into activities that enhance the curriculum. The Civic Leadership Development (CLD) Program helps Kelley students understand and appreciate philanthropy, good citizenship, and social responsibility. By providing direct service, students learn the role of nonprofits and experience the satisfaction of volunteering. CLD was selected by the John Templeton Foundation for inclusion in The Templeton Guide: Colleges that Encourage Character Development.
CLD Web site: www.kelley.iu.edu/civic/

Scholarships
Scholarships available through the Kelley School are based primarily on academic achievement and/or financial need. Eligible candidates must be certified as students in the Kelley School. A student transferring from another institution must complete at least one semester of full-time study at Indiana University before being admitted to the Kelley School and considered for scholarships. For further information, please contact the Undergraduate Program Office in the Kelley School or visit our Web site at www.kelley.iu.edu/ugrad.


Eligibility for need-based scholarships and federal financial aid is determined by the IU Office of Student Financial Assistance, Franklin Hall 208. To apply for most types of financial aid, students should complete a Free Application for Federal Student Aid (FAFSA). It is available from high school guidance counselors or at the FAFSA home page: www.fafsa.ed.gov. Remember to list IU’s federal school code of 001809 as one of your college choices (step five), and be sure to file your FAFSA as soon after January 1 as possible (and definitely before March 1). Information about financial aid procedures is available at www.indiana.edu/~sfa, or by calling the Office of Student Financial Assistance at (812) 855-0321.

Dean’s Honor List
All undergraduate students in the Kelley School with a semester grade point average of 3.5 or higher are recognized on the Dean’s Honor List. Students whose names appear on the Dean’s Honor List after either a semester or summer session are honored on Founders Day during the spring semester.

Academic Distinction
Academic distinction for excellence in scholarship is awarded at Commencement to a limited number of students graduating in business with the Bachelor of Science degree. The number so honored will not exceed 10 percent of the graduating class in the school for that year. Graduates whose grade point averages are in the highest 1 percent and who complete at least 60 credits at Indiana University are graduated with “highest distinction”; those whose grade point averages are in the next highest 4 percent and who complete at least 60 credits at Indiana University are graduated with “high distinction”; and the remaining 5 percent who complete at least 60 credits at Indiana University are graduated with “distinction.” Graduates receiving these honors have them so noted on their diplomas and in the Commencement program and are eligible to wear the cream and crimson fourragère at Commencement. Notations in the Commencement program are tentative pending completion of all course work. Students must complete their final semester with a grade point average sufficient to warrant the diploma and transcript notation of academic distinction.

 

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